Hurricane nabs neighboring Lancaster license

Oil and Gas Authority UK has awarded Hurricane Energy the P2308 license (Halifax) in an out-of-round application.

Offshore staff

GODALMING, UK – Oil and Gas Authority UK has awarded Hurricane Energy the P2308 license (Halifax) in an out-of-round application. The license is contiguous to, and extends northeast from, Hurricane’s existing Lancaster license.

The recently drilledLancaster pilot well (205/21a-7) encountered a minimum oil down to (ODT) of 1,620 m (5,314 ft) TVDSS, indicating that the oil accumulation is likely to extend beyond the Lancaster license boundary. The company believes that if mobile oil can be demonstrated outside of local structural closure at Halifax, then the Lancaster field could extend farther northeast along the Rona Ridge.

A previous well (205/23-2) drilled on the Halifax structure encountered oil and gas shows in sandstones immediately above the basement. In addition, Hurricane’s analysis of basement cuttings from the 205/23-2 well indicates the presence of oil thus mitigating the oil charge risk to Halifax. Seismic interpretation indicates the presence of a well-defined fault network within the fractured basement of the Halifax prospect, analogous to that seen in Lancaster.

Recognizing this, Hurricane said it identified a well location on Halifax (the Halifax well) and acquired a site survey over the prospective well location in preparation for the drilling of an exploration well. On the basis that permits can be obtained in time, Hurricane intends to drill the Halifax well immediately following theLincoln well.

The company said it extended the date of its second well option with Transocean until Nov. 25.

Halifax, in common with Hurricane’s other licenses, is 100% owned and is an “Innovate Licence.” The work program is broadly limited to the drilling of a well which would be satisfied by the drilling of the Halifax prospect.

Dr. Robert Trice, CEO of Hurricane, said: “Our exploration objective is to demonstrate that Halifax is analogous to Lancaster in that the reservoir is highly fractured and that a significant hydrocarbon column is present outside of structural closure. If we are successful in this aim, then we believe it will be a significant step in establishing the true extent of theGreater Lancaster Area.”

11/18/2016

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